Net Worth Report (August 2019 Update)

We originally set out to provide just annual Net Worth updates and then eventually started to do quarterly updates.  Now that we have significantly slowed the pace of our posts, I think we will like just pop in once or twice a year simply to let everyone know how we are doing and to keep ourselves honest and looking forward to our ultimate goal of early retirement and/or Financial Independence!  

Also, in case you have not come across it, we are part of an active list of bloggers who provide their net worth on Rockstar Finance's page - The Ultimate List of Blogger Net Worth. Prior to this post, our family is currently sitting at No. 83 (out of a total of 2,235 bloggers) on the list as of August 16, 2019. After this post, we are estimating that we may jump a few spots to roughly No. 79 on the list. 

As of August 1, 2019, our family net worth was as follows:

Retirement Savings:                      $ 588,572 

P2P Lending Accounts:                   $    1,819

Dividend Stock Accounts (DSA):     $   85,137
DSA - Surplus Cash:                      $  23,139
College Savings Accounts:              $  86,281

Cash and Savings:                         $  60,477

GRAND TOTAL

$845,425
(Increase of $69,867 since July 2018)

Although we do not count it as part of our Net Worth,
it is still nice to know that our Home Equity is:

$616,456*

(Increase of $8,486 since July 2018)

Although we don't consider our home equity as part of our Net Worth, we understand that some people do.  So for those who include home equity in their Net Worth, our family's net worth would be considered: $1,461,881 (Increase of $78,353 since July 2018).  It's a pretty awesome figure when you include the home equity but until we can accumulate 7 figures without our home equity, I refuse to consider myself a millionaire. 

* Although others do consider home equity, and even cars, collections, etc. as part of their net worth, it is our opinion that since these items are not very liquid and the value of these items is highly dependent on what others are willing to pay for them (at the present time), we have decided not to consider these type of assets as part of our family's recognized net worth.